Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%

Price spread now: MEXC against Derive−0.052%7-day average −0.037% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Derive Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.111%−$11 on $10k

Price spread, last 3 days (all we have)+0.018%+$2 · spread now −0.052%, 7d avg −0.037%

Together, before fees−0.092%−$9 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive XAUT-PERP	4,358.2	0.0100	pay 0.0013% / 1h	25m 34s	$1.9M	$220K	10x
Short	MEXC XAUT_USDT	4,355.9	0.0100	get 0.0050% / 4h	3h 25m	$338.5M	$281.2M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Derive. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DerivebpFee MEXCbpOrdersPrice spread, now −0.052%Rate

Funding earned: $0
Price spread: −0.052% → −0.037%: −$1.46
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$11.46
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; MEXC: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Derive no order-book sample	—	—	—	—	—
Sell MEXC live order book, 4 min ago	0.34 bp	2.3 bp −$2	2.4 bp −$24	5.9 bp −$586	25.2 bp −$12.6K

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XAUT on 20 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps XAUTUSD	−0.0214%	1h	4,356.1	−0.047%	$56K	$31K	20x	as long as short
Bitget XAUTUSDT	−0.0056%	4h	4,355.1	−0.069%	$25.9M	$15.2M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,357.3	−0.020%	$131.3M	$8.1M	100x	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	−0.192%	$8K	$149K	30x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,357.6	−0.013%	$10.2M	$2.0M	25x	as long as short
Variational Omni XAUT	+0.0100%	4h	4,354.6	−0.081%	$33.2M	$3.5M	—	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,355.9	−0.052%	$4.2M	$1.0M	10x	as long as short
Binance XAUTUSDT	+0.0100%	4h	4,355.8	−0.054%	$35.5M	$46.7M	75x	as long as short
Bybit XAUTUSDT	+0.0100%	4h	4,355.7	−0.055%	$121.0M	$27.8M	75x	as long as short
MEXC XAUT_USDTshort	+0.0100%	4h	4,355.9	−0.052%	$338.5M	$281.2M	1000x

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XAUTUSDTM	+0.0100%	4h	4,357.8	−0.007%	$11.4M	$2.9M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,356.2	−0.044%	—	$17.9M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,357.4	−0.017%	$732	$116K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,355.8	−0.054%	$268	$17K	10x	as long as short
Derive XAUT-PERPlong	+0.0100%	1h	4,358.2	long leg	$1.9M	$220K	10x
SunX XAUT-USDT	+0.0100%	4h	4,362	+0.088%	$3K	$3.7M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,355.2	−0.067%	$1.9M	$230K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,354.6	−0.081%	$274K	$231K	25x	as long as short
Kraken Futures PF_XAUTUSD	+0.0118%	1h	4,358.7	+0.013%	$5.3M	$4.0M	50x	as long as short
BloFin XAUT-USDT	+0.0340%	4h	4,358.5	+0.008%	$2.3M	$1.6M	75x	as long as short